PINL:HLOSF - Post by User
Comment by
sweenbyon Oct 06, 2010 1:03pm
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Post# 17535673
RE: RE: Pinetree bought 1 Million Halo shares
RE: RE: Pinetree bought 1 Million Halo shares2010-10-06 12:54 ET - News Release
See News Release (C-PNP) Pinetree Capital Ltd
Mr. Richard Patricio of Pinetree Capital reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF HALO RESOURCES LTD.
Pinetree Capital Ltd. has acquired ownership of one million common shares and one million common share purchase warrants of Halo Resources Ltd. Each warrant entitles the holder thereof to acquire one additional common share at a price of 35 cents until Oct. 4, 2012. In the event that the warrants are fully exercised, these holdings represent approximately 9.9 per cent of the total issued and outstanding common shares of Halo as of Oct. 5, 2010, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree held, as at Oct. 5, 2010, an aggregate of 2.05 million common shares of Halo, including the common shares, and rights to acquire an additional 1.6 million common shares of Halo upon exercise of certain convertible securities, including the warrants. In the event that the convertible securities are fully exercised, the holdings of Pinetree represents a total of 3.65 million common shares of Halo, or approximately 17.6 per cent of all issued and outstanding common shares as at Oct. 5, 2010, calculated on a partially diluted basis assuming the exercise of the convertible securities only.